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When placing a long-distance call to ask about an equipment order from a company in a different state, what should the medical assistant keep in mind?
Average Inventory
The mean value of inventory held by a business over a specific period of time, used to evaluate the investment in inventory against sales performance.
Ending Inventory
The complete valuation of items that are up for sale at the end of a financial accounting period.
Beginning Inventory
The value of all the inventory held by a company at the start of an accounting period, before any purchases or sales are made.
Inventory Turnover
A measure of how many times a company's inventory is sold and replaced over a specific period, indicating efficiency in managing stock.
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